General Tools & Instruments Acquired by High Road Capital

Posted by Karen Koenig | Posted: 02/07/2014 11:48AM

 

High Road Capital Partners, General Instruments & Tools NEW YORK – Woodworking tool company General Tools & Instruments has been acquired by High Road Capital Partners, a private equity firm. Terms of the transaction, which was finalized February 5, were not disclosed.

New York-based General Tools & Instruments offers hand tools and testing equipment, including wood moisture meters, temperature monitors and jigs. Products are sold through woodworking distributors and big-box retailers.

High Road Capital Partners said this is the company's third platform acquisition. “General Tools & Instruments is a third-generation, family-run company with an enviable customer base, a trusted brand name and high-quality products," Jeff Goodrich, High Road Partner, said in a statement. "Together with General’s outstanding management team, we plan to pursue both organic growth initiatives and add-on acquisitions.”

General Tools & Instruments CEO Joe Ennis will continue to lead the company post-closing. He and the other members of General’s management team invested in the transaction alongside High Road.

Founded in 2007, High Road has made 27 acquisitions, including hardware and fastener firm Accurate Component Sales Inc.

 

About the Author

Karen M. Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Wood Products (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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